Why You Should Buy a Home in Accra
Ghana, the gateway to West Africa, is attractive for diverse reasons: its political stability, economic liberalism, abundant natural resources, great…
Renting a house as an expat is relatively easier than buying a property. It is important to note that nonGhanaians cannot obtain freehold ownership of properties; they can only lease them for a renewable period of 50 years. It is highly advisable to seek the services of a lawyer who knows the terrain better to transact the purchase of the property on your behalf, at a fee (see endnote).
Rental properties in Accra can be found both in prime areas and on the city’s peripheries. Living in the prime areas provides access to good roads, amenities, and robust safety provisions. Prime areas in Accra include Osu, East Legon, Spintex, Labone, Airport Residential, Cantonments, and others. There are a variety of properties for expats in these areas; one can find apartments, townhouses, semi-detached, and detached houses.
Rent charges in these areas differ according to the type of structure that you are looking to rent. For a house in Osu, the median monthly rent bedroom runs around 760 Euros, according to data collected by Jumia House Ghana (now meqasa.com) over the first part of 2015. For apartments, the median one-bedroom rental is around 950 Euros, according to the same data. Living in Osu provides access to many restaurants, bars, and nightclubs along Oxford Street.
Another neighborhood to consider as an expat is East Legon. This is one of the plushest residential areas in Ghana. It has a chain of stores, restaurants, bars, and many entertainment centres. A rental house in East Legon costs, on average, 550 euros per month, while a one-bedroom rental apartment in the same neighborhood runs over 650 euros per month according to our data.
Many expats also consider living in the Airport Residential area. This is because it is only a few minutes’ drive from Kotoka International Airport. One disadvantage of living in this neighborhood is the noise pollution from airplanes, but the area offers an array of appealing amenities. Renting a house in Airport Residential generally costs over 1,000 Euros per bedroom per month, while apartment rentals in that area are roughly the same.
Expats frequently consider Cantonments and Labone for rental properties. Both locations are close to the entertainment hub of Accra, Osu, and the lively Labadi Beach, but also offer enough quiet solitude ideal for family life. According to data Jumia House Ghana collected during the first portion of 2015, monthly apartment and house rentals in Labone tend to hover at around 800 euros per bedroom, while similar arrangements in Cantonments run over 1,100 euros per bedroom per month. Cantonments and Labone are about 10 minutes’ drive from Labadi Beach.
To live in proximity to the beaches of Accra, you might consider Labadi, South Labadi Estates, or TeshieNungua. These neighborhoods are close to the beaches, making them attractive to expatriates looking for a local seaside vibe. Rent charges in these neighborhoods are significantly more affordable than those closer to the city center; house rents in these areas all range between 200350 euros per bedroom per month, while rental apartments are roughly the same price, with the exception of Labadi at around 500 euros per bedroom per month, according to our data.
While not commonly considered by many expats, neighborhoods like Achimota, Madina, Adenta, Dome, Ashaley Botwe, Kwabenya, and Lapaz offer unique opportunities for family life and more affordable rental costs.
Visit Jumia House Ghana to check out an array of rental properties that could one day be yours!
Endnote: Jumia House Ghana does not in any way possess legal expertise for any parties, foreign or otherwise, interested in purchasing or renting property, and will retain no liability for any decisions made by individuals or organizations on the basis of this or other content we publish.